Flores Financial Services Savings Calculator

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  Sales Costs Industry Cost % Your Cost % Potential Opportunity (%) Potential Opportunity ($)
Generally food costs tend to average 29% across the industry. This can vary depending on your restaurant concept, for example steakhouses tend to have a higher food costs, while taco shops tend to have low food costs. However, there are many opportunities for lowering food costs, such as negotiationg with vendors to lock in pricing contracts. FFS watches food costs closely and helps you see those opportunities that often times slip by because other day to day operations are taking your focus. Food: 29%
General industry standards set beer costs at a 18% standard. This cost can vary depending on your concept and mix of beer sales. A restaurant with the occassional beer sale will tend to have higher beer costs than the local sports bar whose sales mix is high on beer. No matter the sales mix, beer costs should not be a high part of your overall cost of goods sold. High beer costs can indicate poor beer taps, bar theft or poor inventory methods. FFS provides you with a thorough scope analysis and helps generate solutions to get your restaurant to reasonable beer costs, which will improve your bottom line. Beer: 18%
Across the industry, wine costs tend to average 31%. This holds true whether your restaurant serves high end wines by the bottle or local less expensive wines by the glass. Higher than average wine costs could indicate an inventory problem or a pricing strategy opportunity. FFS handles clients across the wine sales mix, from venues with high end wine cellars worh $500,000 to the mom and pop's Italian eatery. Our experience and knowlege proves to be a useful tool to consult with and find hidden opportunities. Wine: 31%
Generally liquor costs tend to average 19% across the restaurant industry, this is inclusive of mixes and garnishes costs. If your liquor costs show higher there may be potential cost savings by examining your pricing strategy, your inventory methods and vendor contracts. Extremley high liquor costs could indicate shrinkage. FFS provides you with their industry expertise to discover new savings potential and loss prevention methods, adding more dollars to your bottom line. Liquor: 19%
N/A beverage costs average 20% across the industry but this can vary depending on your mix of n/a beverage sales. For example coffee, draft sodas and iced teas are lower cost items versus high end bottled water and juices. FFS helps you analyze your N/A beverage line and manage the cost of an area that tends to get overlooked versus the other cost of goods lines, but may hold valuable savings opportunities for your operation. N/A Beverage: 20%
Total Sales:  
Labor costs, across the industry, generally average a 30%. This includes the FOH (front of house), BOH (back of house/kitchen) and management labor. If your labor costs are higher than this average there could be potential savings. FFS helps you look at your labor costs in depth and review a multitude of different strategies that would fit with your operation and service concept. FFS also has the knowlege and expertise to know the payroll side of the business as well, we can review salary ranges and payroll benefits expense to industry benchmarks to see if there is even greater savings potential. Labor Cost: 30%
In general, the industry goal is to have at least a 10% EBIDA. Anything lower could indicate several opportunities to decrease expenses and cut excess spending in order to maximize your profit. FFS provides a thorough P&L analysis and offers several growth strategies. We are here to serve our clients and see them suceed, the best sucess is measured by a high EBIDA line. FFS helps you achieve your goal by ensuring your operation, at least from the number standpoint, runs smoothly and consistently. EBIDA: > or = to 10%
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